Green and Sustainable Finance: Principles and Practice in Banking, Investment and Insurance

by Simon Thompson

Overview

The finance sector has a crucial role to play in delivering a sustainable future for the planet.

To address the Triple Planetary Crisis of climate change, pollution and biodiversity loss, it is vital that the finance sector rapidly accelerates the mobilization of capital to support a successful and just transition to net zero. This requires enhancing both the capabilities of financial institutions and developing the knowledge and skills of finance professionals so that every financial decision takes account of climate change and sustainability.

Green and Sustainable Finance is a comprehensive guide to the principles and practice required to manage sustainability risks, engage and support clients, and take advantage of the opportunities presented by the transition of sectors and firms to new, low carbon and nature positive models.

This fully updated third edition incorporates a wider perspective with nature-based impacts, risks, dependencies and opportunities considered alongside climate change. It introduces the work of the new International Sustainability Standards Board (ISSB) and the Taskforce on Nature-related Financial Disclosures (TNFD) along with extensive coverage of wider regulatory and market developments. There is also additional content on adaptation finance, transition finance and transition planning.

Endorsed by the Chartered Banker Institute as the core text for the global benchmark Certificate in Green and Sustainable Finance, this book is essential reading for finance professionals, university students and individuals working to embed sustainability in business, finance, policy and regulation.

Product Details

ISBN-13:	9781398609242
Publisher:	Kogan Page, Ltd.
Publication date:	03/28/2023
Series:	Chartered Banker Series , #7
Edition description:	2nd ed.
Pages:	664
Product dimensions:	6.77(w) x 9.45(h) x 1.42(d)

About the Author

Simon Thompson is the Managing Director of the Global Capacity Building Coalition (GCBC). He was previously Chief Executive of the Chartered Banker Institute, and Founding Chair of the UK Government's Sustainable Finance Education Charter.

Table of Contents

** Chapter - 00: Introduction; ** Chapter - 01: Dimensions of green and sustainable finance; ** Chapter - 02: Our changing world – the triple planetary crisis; ** Chapter - 03: Building a sustainable financial system – international, national and finance sector responses; ** Chapter - 04: Impact analysis – measuring and reporting environmental and social impacts; ** Chapter - 05: Risk management; ** Chapter - 06: Responsible retail, commercial and corporate banking; ** Chapter - 07: Green and sustainable bonds; ** Chapter - 08: Central and development banks; ** Chapter - 09: Responsible and sustainable investment; ** Chapter - 10: Insurance – impact underwriting; ** Chapter - 11: Green and sustainable digital finance; ** Chapter - 12: The future of green and sustainable finance;

Editorial Reviews

"As green and sustainable finance increasingly becomes the norm, the ability to integrate climate considerations into financial decision-making is also becoming a critical skill for all financial professionals. Simon Thompson's updated and comprehensive textbook explains the latest concepts, trends, risk frameworks, regulations and investment tools that all bankers and investors need to keep pace with this rapid transformation of the financial sector."

Dr Rhian-Mari Thomas OBE

"The revised Green & Sustainable Finance by Simon Thompson is an accessible and timely contribution to the literature. The text is case rich, international in approach, and contains many reflective exercises to enable and provoke contemplation of the major decisions confronting finance and financial institutions now and during the coming time of climate change."

John Ashton. FCBI

"The revised Green & Sustainable Finance by Simon Thompson is an accessible and timely contribution to the literature. The text is case rich, international in approach, and contains many reflective exercises to enable and provoke discussion and reflection as to the major decisions confronting finance and financial institutions now and during the coming time of climate change."

John K. Ashton PhD

"The new edition of Green and Sustainable Finance spotlights the way biodiversity and social focus are now woven into effective green finance. It considers the host of new metrics, new measurement bodies, new financial products, and offers a nuanced lens on transition finance as well as on emerging risks. Green finance has matured in giant steps since the first edition of this book. Valuable then, this edition is compelling now."

Dame Susan Rice DBE

"Provides key contextual knowledge by clearly and concisely situating green and sustainable finance in reference to key sectors - from banking, insurance, bonds, equity funds, regulation et al - thus making this an essential read for all financial services practitioners and policy setters."

Omar Shaikh

"The rapidly evolving nature of climate science, policies, regulations, reporting standards and initiatives make it difficult for professionals to keep up-to-date. This third edition is an invaluable compendium of information about green and sustainable finance. An essential book to bridge the skill gap in this space and help us to effectively respond to the climate crisis."

Elina Moscolin

"Simon Thompson has produced an outstanding and essential read for anyone in finance and banking who needs to better understand green and sustainable finance. The book helps the reader understand how to begin to align, embed, measure, and use green finance and grapple with making the green transition as individuals, firms, and communities. It is accessible, clear, well-constructed and addresses a myriad of complex issues while treating the reader with respect, without jargon. If you need to understand how to operationalise a firm's profitable pathway to net zero, you should buy this book and digest its lessons."

Stuart Mackintosh

"Simon Thompson has produced an outstanding and essential read for anyone in finance and banking who needs to better understand green and sustainable finance. . The book helps the reader understand how to begin to align, embed, measure, and use green finance and grapple with making the green transition as individuals, firms, and communities. It is accessible, clear, well-constructed and addresses a myriad of complex issues while treating the reader with respect, without jargon.
If you need to understand how to operationalise a firm's profitable pathway to net zero, you should buy this book and digest its lessons.
Simon Thompson is to be commended for leading the UK banking sector's green transition. His superb book demonstrates how finance can be a powerful green lever; how banks and markets can pull forward the speed of the necessary green tomorrow; and how banking and finance firms can help renewably construct a more liveable future for us all. This book will be a great help for finance students, professionals, and bankers who wish to build an economy of fifty shades of green, and a more sustainable future for us all.

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Stuart P.M. Mackintosh

"The new edition of Green and Sustainable Finance spotlights the way biodiversity and social focus are now woven into effective green finance. It considers the host of new metrics, new measurement bodies, new financial products, and offers a nuanced lens on transition finance as well as on emerging risks. Green finance has matured in giant steps since the first edition of this book. Valuable then, this edition is compelling now."

Dame Susan Rice

"The rapidly evolving nature of climate science, policies, regulations, reporting standards and initiatives make it difficult for professionals to keep up-to-date. This second edition is an invaluable compendium of information about green and sustainable finance. An essential book to bridge the skill gap in this space and help us to effectively respond to the climate crisis."

Elisa Moscolin